Archive for January, 2010
Wednesday, January 27th, 2010
Brayan Peter asked: A mortgage is the pledging of a property to a lender as a security for a mortgage loan. In other words, the mortgage is a security for the loan that the lender makes to the borrower. In some countries, like Spain, United Kingdom, Australia, and United States ...
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Monday, January 25th, 2010
Shawn Thomas asked: Choosing the right mortgage broker is important, as you want to make sure you save as much money as possible on the mortgage loan that you take out. Being picky about your mortgage broker is more than just a matter of trying to save a few dollars, ...
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Saturday, January 23rd, 2010
justin narin asked: is a reverse mortgage?A reverse mortgage is a loan product that allows homeowners 62 years of age and older to use their equity to generate tax-free income, without having to sell the home or take on a new mortgage payment. In fact the reverse mortgage is exactly ...
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Saturday, January 23rd, 2010
melinamenny asked: Poor Credit Mortgage Refinancing - What You Need To Know If you own your own home but you don’t have the credit rating you’d like to, you still have lots of refinancing options available. With more and more lenders joining the mortgage market each day, there are hundreds of ...
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Wednesday, January 20th, 2010
Brian Jenkins asked: As everyone knows, buying a home is stressful and one of the most important decisions that one has to make is what kind of mortgage to get. Choosing the mortgage that works best for you and addresses your specific needs can potentially save -or cost you -thousands ...
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Saturday, January 16th, 2010
Brian Jenkins asked: You've found a beautiful piece of property in one of the upscale areas of Pennsylvania and you're wondering if you can get the best mortgage loan that's available in the market.If you're new to the area, you might want to study the local market, meet with some ...
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Tuesday, January 5th, 2010
MLS Reverse Mortgage asked: Foreclosure filings were reported on 2.3 million U.S. properties in 2008, an increase of 81 percent from 2007 and up 225 percent from 2006, according to the RealtyTrac U.S. Foreclosure Market Report released January 15, 2009. The soaring number of forclosures have sent ripples through the housing ...
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Tuesday, January 5th, 2010
Bruce Owens asked: On July 9th, the Department of Finance moved to tighten Canada's mortgages markets by announcing changes to the requirements for federally-backed mortgage insurance. The changes set minimum credit scores that home purchasers must meet to qualify for mortgage insurance on so-called 'high-ratio mortgages'' while restricting amortization terms ...
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Friday, January 1st, 2010
Robert E. Jones asked: 1. Am I eligible for a Reverse Mortgage?• To qualify for a reverse mortgage, you must:• Be at least 62 years old. In the case of a couple or co-owners, both must be 62 if they want their names to be on title of the home.• ...
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